Nuveen Floating Rate Income Opportnty Fd (NYSE:JRO) Shares Pass Above Two Hundred Day Moving Average of $0.00

Nuveen Floating Rate Income Opportnty Fd (NYSE:JRO)’s stock price passed above its 200-day moving average during trading on Wednesday . The stock has a 200-day moving average of $0.00 and traded as high as $9.69. Nuveen Floating Rate Income Opportnty Fd shares last traded at $9.69, with a volume of 316 shares traded.

The stock has a 50-day simple moving average of $9.73.

The business also recently declared a monthly dividend, which will be paid on Monday, July 1st. Stockholders of record on Friday, June 14th will be issued a $0.063 dividend. This represents a $0.76 dividend on an annualized basis and a dividend yield of 7.81%. The ex-dividend date is Thursday, June 13th.

Several institutional investors have recently bought and sold shares of JRO. OTA Financial Group L.P. boosted its position in shares of Nuveen Floating Rate Income Opportnty Fd by 111.5% in the 1st quarter. OTA Financial Group L.P. now owns 54,568 shares of the financial services provider’s stock worth $523,000 after purchasing an additional 28,773 shares in the last quarter. Thomas J. Herzfeld Advisors Inc. boosted its position in shares of Nuveen Floating Rate Income Opportnty Fd by 0.7% in the 1st quarter. Thomas J. Herzfeld Advisors Inc. now owns 281,406 shares of the financial services provider’s stock worth $2,699,000 after purchasing an additional 1,941 shares in the last quarter. Koshinski Asset Management Inc. bought a new stake in shares of Nuveen Floating Rate Income Opportnty Fd in the 1st quarter worth approximately $15,585,000. Mariner Investment Group LLC boosted its position in shares of Nuveen Floating Rate Income Opportnty Fd by 93.6% in the 1st quarter. Mariner Investment Group LLC now owns 203,683 shares of the financial services provider’s stock worth $1,953,000 after purchasing an additional 98,467 shares in the last quarter. Finally, Arlington Capital Management Inc. bought a new stake in shares of Nuveen Floating Rate Income Opportnty Fd in the 1st quarter worth approximately $273,000.

About Nuveen Floating Rate Income Opportnty Fd (NYSE:JRO)

Nuveen Floating Rate Income Opportunity Fund is a closed-ended fixed income mutual fund launched by Nuveen Investments, Inc The fund is co-managed by Nuveen Fund Advisors LLC and Symphony Asset Management LLC. It invests in fixed income markets of the United States. The fund invests in adjustable rate loans, primarily in senior loans.

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